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Future and Career for Kingfisher Airlines staff

After a brief Diwali respite, when liquor baron and Kingfisher Airlines (KFA) Chairman Dr Vijay Mallya announced a stake sale in United Spirits to Diageo to possibly revive the ailing Carrier, there is tension in the air once again. KFA employees continue to languish without salary

Payments and revival plan in sight.KFA employees say they have been betrayed, yet again. KFA had promised three months' salary (March-May) before Diwali but only a handful received their salaries for May. KFA, grounded since October, is yet to submit a revival plan to the regulator."We feel cheated and have no one to turn to for help. The airline management had promised a timetable for payment of unpaid salaries, which they have failed to adhere to. We are living off our savings. Neither the government nor the regulator is of any help. We have been left at Mallya's mercy," said a Delhi-based Kingfisher pilot.A 17-bank consortium that has an exposure of around Rs.8,000 crore in KFA, would wait to hear from Mallya when they meet later this month, before deciding their next move.Certain Aircraft lessors and bankers have invoked corporate guarantees given by UB Holdings on behalf of KFA."The biggest issue by far is employee wages. Without that issue being resolved, employees are less inclined to work to guidelines and therefore, continue to pose risks to operational safety," said Saj Ahmad, a London-based aviation analyst. "The fact that no revival plan has surfaced points to problems," he said.Analysts don't expect any foreign airline to invest in Kingfisher - which had a debt of more than $1.4 billion as on March 31, 2011, in its current state - with its massive debt burden, crippled fleet and poor employee morale.Aaviation consultancy firm Centre for Asia Pacific Aviation had said in an October research report that in order to become a prospective investment target, Kingfisher will first require significant recapitalisation of at least $600 million (Rs.3,250 crore) and a restructuring of its debt, and a new management team."We are addressing all important issues on priority," KFA said in a reply to an email query from HT but gave no details.KFA's accumulated losses as on March 2012, were more than 50% of its net worth.

Water Melons Management Story 1 . Rahul : B Tech IIT [D] MBA IIM [A] 2. Ankur: B Tech IIT [D] MBA IIM [A] 3. The Manager : Mr Raju John3. Company : AeroSoft Corp 4. University : IIM Ahamdabad RahulandAnkurjoined a company called AeroSoft Corp together a few months after their Post Graduation from IIM A University. After a few years of work, their Manager promoted Rahul to a position of Senior Sales Manager, but Ankur remained in his entry level Junior Sales Officer position. Ankur developed a sense of jealousy and disgruntlement, but continued working anyway. One day Ankur felt that he could not work with Rahul anymore. He wrote his resignation letter, but before he submitted it to the Manager, he complained that Management did not value hard working staff, but only promoted only the favoured ! The Manager Mr Raju John knew that Ankur worked very hard for the years he had spent at the company; even harder than Rahul and therefore he deserved the promotion. So in order to…

Trisha Karmakar is the queen of her own dreams, who has just stepped into her twenties. Having lived in New Delhi for 8 years and in Bangalore for 5, she has all that is necessary to have an uninfluential mindset about the world and of course, herself. Presently settled in Kolkata, she is pursuing graduation in psychology from Bethune College, which is renowned as the first women's college in Asia. Having said that, yes, listening to people is what she believes herself to be the best at. She has a very exceptional vision towards life and welcomes everything life throws at her, let that be a bundle of joy or a heap of sorrow. She believes it's a blessing to be alive each day with so much yet to be explored. Also, she is independent about her own thoughts and has her own way of doing things. She has been trained as a Hindustani Classical vocalist for 10 years. Apart from music, writing and reading has always succeeded to pacify her, no matter the world around her. She is very m…